Reported 2 days ago
Many seniors in the U.S. face financial challenges in retirement, with the median savings amounting to just $200,000, translating to an average of $10,000 a year. To better manage their finances, experts suggest strategies such as delaying retirement, delaying Social Security benefits, using withdrawal bucket strategies, and planning for healthcare costs. These approaches can help retirees stretch their savings and maintain a better quality of life.
Source: YAHOO